13F 申報指南13F 觀念全攻略
什麼是 SEC Form 13F 申報？美股機構大戶持股全攻略
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
AlphaSMO 權威研究指南閱讀專題
CIK: 0000937729
申報總市值
US$425.4億
US$425.4億
297 檔
32.2%
在 Q4 2025 的 13F 官方備案中，Fayez Sarofim & Co 管理的美股投資組合規模來到 US$425.4億，整體持股檔數為 297 檔。
從 Q4 2025 申報觀察，Fayez Sarofim & Co 採取防禦導向的調倉策略，本季減碼 110 檔個股並出清 13 檔部位，顯示機構在該時期進行風險控制與流動性回收。
從部位權重觀察，前 5 大標的（包含 AAPL, MSFT, GOOG）累計市值佔比達 32.2%，是驅動 Fayez Sarofim & Co 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 297 檔）
| # | 代號 | 標的名稱 | 資產子類別 | 佔比 | 佔比變動 | 持倉量變化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | 股票-科技 | 9.40% | +0.53% | -6.29% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 8.91% | -0.04% | -1.93% | |
| 3 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 5.87% | +0.79% | +2.50% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 4.51% | +0.36% | -0.25% | |
| 5 | PM | Philip Morris International | 股票-非循環性消費 | 4.18% | +0.10% | -2.15% | |
| 6 | NVDA | Nvidia CORP | 股票-科技 | 4.04% | +0.34% | +9.40% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 3.26% | -0.20% | +6.85% | |
| 8 | KO | Coca-cola Co/the | 股票-非循環性消費 | 2.62% | -0.03% | -5.93% | |
| 9 | V | Visa Inc-class A Shares | 股票-金融 | 2.49% | +0.08% | -2.89% | |
| 10 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.46% | +0.11% | -8.45% | |
| 11 | XOM | Exxon Mobil CORP | 股票-能源 | 2.38% | -0.98% | -10.78% | |
| 12 | CVX | Chevron CORP | 股票-能源 | 2.31% | -0.81% | -10.45% | |
| 13 | MCD | Mcdonald's CORP | 股票-循環性消費 | 2.00% | -0.40% | -0.98% | |
| 14 | SPGI | S&p Global Inc | 股票-金融 | 1.90% | -0.19% | +0.67% | |
| 15 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.80% | +0.66% | +21.51% | |
| 16 | ASML | ASML Holding N.V. | 股票-科技 | 1.73% | +0.49% | -6.31% | |
| 17 | INTU | Intuit Inc | 股票-科技 | 1.69% | -0.77% | +14.80% | |
| 18 | MA | Mastercard Inc - A | 股票-金融 | 1.62% | -0.09% | +1.98% | |
| 19 | BLK | Blackrock Inc | 股票-金融 | 1.60% | -0.16% | -1.87% | |
| 20 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 1.59% | -0.55% | +0.27% | |
| 21 | TXN | Texas Instruments Inc | 股票-科技 | 1.51% | +0.33% | -11.64% | |
| 22 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.42% | +0.17% | +19.46% | |
| 23 | PGR | Progressive CORP | 股票-金融 | 1.35% | -0.02% | +11.42% | |
| 24 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.35% | -0.42% | -0.78% | |
| 25 | EPD | Enterprise Products Partners | 股票-能源 | 1.29% | -0.19% | -2.41% | |
| 26 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.23% | +0.43% | -1.03% | |
| 27 | TROW | T Rowe Price Group Inc | 股票-金融 | 1.16% | +0.03% | -6.13% | |
| 28 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.09% | +0.20% | -2.70% | |
| 29 | ETN | Eaton Corporation plc | 股票-工業 | 1.08% | +0.12% | +12.01% | |
| 30 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.05% | -0.16% | -32.53% | |
| 31 | AZNN | Astrazeneca Plc-spons Adr | 股票-其他 | 0.94% | +0.08% | NEW | |
| 32 | ADP | Automatic Data Processing | 股票-科技 | 0.85% | -0.02% | +1.42% | |
| 33 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.83% | -0.04% | -1.02% | |
| 34 | CME | Cme Group Inc | 股票-金融 | 0.82% | -0.29% | +0.09% | |
| 35 | CP | Canadian Pacific Kansas City | 股票-工業 | 0.82% | -0.09% | -3.87% | |
| 36 | CB | Chubb Limited | 股票-金融 | 0.80% | -0.08% | -7.95% | |
| 37 | ICE | Intercontinental Exchange In | 股票-金融 | 0.79% | -0.22% | +0.75% | |
| 38 | MS | Morgan Stanley | 股票-金融 | 0.71% | +0.08% | -7.48% | |
| 39 | MAR | Marriott International -cl A | 股票-循環性消費 | 0.71% | — | -2.45% | |
| 40 | NOW | Servicenow Inc | 股票-科技 | 0.69% | -0.09% | +410.97% | |
| 41 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 0.67% | +0.19% | -4.91% | |
| 42 | BX | Blackstone Inc | 股票-金融 | 0.64% | +0.18% | +36.19% | |
| 43 | MO | Altria Group Inc | 股票-非循環性消費 | 0.62% | -0.05% | -16.34% | |
| 44 | HD | Home Depot Inc | 股票-循環性消費 | 0.61% | +0.01% | +4.96% | |
| 45 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 0.53% | +0.01% | -9.82% | |
| 46 | NVO | Novo-nordisk A/s-spons Adr | 股票-醫療保健 | 0.52% | +0.01% | -42.41% | |
| 47 | DE | Deere & Co | 股票-工業 | 0.51% | -0.01% | +2.83% | |
| 48 | SHW | Sherwin-williams Co/the | 股票-原物料 | 0.51% | -0.04% | -1.90% | |
| 49 | BR | Broadridge Financial Solutio | 股票-科技 | 0.48% | -0.12% | +2.31% | |
| 50 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.44% | -0.02% | -27.70% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | +1.5% | +2.50% | 加碼 |
| 2 | TSM | Taiwan Semiconductor-sp Adr | +0.5% | +21.51% | 加碼 |
| 3 | NVDA | Nvidia CORP | +0.4% | +9.40% | 加碼 |
| 4 | ISRG | Intuitive Surgical Inc | +0.4% | +0.27% | 加碼 |
| 5 | AMZN | Amazon.com Inc | +0.3% | -0.25% | 減碼 |
| 6 | LLY | Eli Lilly & Co | +0.3% | -2.70% | 減碼 |
| 7 | AAPL | Apple Inc | +0.3% | -6.29% | 減碼 |
| 8 | ABBV | Abbvie Inc | +0.3% | +19.46% | 加碼 |
| 9 | AZNN | Astrazeneca Plc-spons Adr | +0.3% | +9.35% | 加碼 |
| 10 | INTU | Intuit Inc | +0.2% | +14.80% | 加碼 |
| 11 | SPGI | S&p Global Inc | +0.2% | +0.67% | 加碼 |
| 12 | BX | Blackstone Inc | +0.1% | +36.19% | 加碼 |
| 13 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | +249.15% | 加碼 |
| 14 | MAR | Marriott International -cl A | +0.1% | -2.45% | 減碼 |
| 15 | ASML | ASML Holding N.V. | +0.1% | -6.31% | 減碼 |
| 16 | PGR | Progressive CORP | +0.1% | +11.42% | 加碼 |
| 17 | MA | Mastercard Inc - A | +0.1% | +1.98% | 加碼 |
| 18 | KO | Coca-cola Co/the | +0.1% | -5.93% | 減碼 |
| 19 | V | Visa Inc-class A Shares | +0.1% | -2.89% | 減碼 |
| 20 | MS | Morgan Stanley | +0.1% | -7.48% | 減碼 |
| 21 | MCD | Mcdonald's CORP | +0.1% | -0.98% | 減碼 |
| 22 | WMT | Walmart Inc | 0% | -3.50% | 減碼 |
| 23 | CB | Chubb Limited | 0% | -7.95% | 減碼 |
| 24 | CME | Cme Group Inc | 0% | +0.09% | 加碼 |
| 25 | EPD | Enterprise Products Partners | 0% | -2.41% | 減碼 |
| 26 | SAP | Sap Se-sponsored Adr | 0% | +104.91% | 加碼 |
| 27 | DE | Deere & Co | 0% | +2.83% | 加碼 |
| 28 | GOOGL | Alphabet Inc-cl A | 0% | +0.03% | 加碼 |
| 29 | CPT | Camden Property Trust | 0% | +312.53% | 加碼 |
| 30 | SPOT | Spotify Technology S.A. | 0% | +47.80% | 加碼 |
| 31 | RTX | Rtx CORP | 0% | -4.73% | 減碼 |
| 32 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | -1.02% | 減碼 |
| 33 | PM | Philip Morris International | 0% | -2.15% | 減碼 |
| 34 | CAT | Caterpillar Inc | 0% | +0.18% | 加碼 |
| 35 | ACN | Accenture plc | 0% | +42.88% | 加碼 |
| 36 | AXP | American Express Co | 0% | -3.92% | 減碼 |
| 37 | RACE | Ferrari N.V. | 0% | +136.81% | 加碼 |
| 38 | PLD | Prologis Inc | 0% | +1.40% | 加碼 |
| 39 | AON | Aon plc | 0% | +45.99% | 加碼 |
| 40 | AMGN | Amgen Inc | 0% | +0.95% | 加碼 |
| 41 | IVV | Ishares Core S&p 500 ETF | 0% | +271.14% | 加碼 |
| 42 | CHKP | Check Point Software Technologies Ltd. | 0% | +44.36% | 加碼 |
| 43 | CW | Curtiss-wright CORP | 0% | — | 不變 |
| 44 | VRSK | Verisk Analytics Inc | 0% | +11.68% | 加碼 |
| 45 | AMAT | Applied Materials Inc | 0% | +0.18% | 加碼 |
| 46 | TPR | Tapestry Inc | 0% | — | 不變 |
| 47 | STT | State Street CORP | 0% | — | 不變 |
| 48 | ICE | Intercontinental Exchange In | — | +0.75% | 加碼 |
| 49 | HDB | Hdfc Bank Ltd-adr | — | +47.58% | 加碼 |
| 50 | TSLA | Tesla Inc | — | +46.91% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Fayez Sarofim & Co 在 Q4 2025 季度的美股持倉總市值約為 US$425.4億，共申報了 297 個公開持股部位。
在 Q4 2025 季度，Fayez Sarofim & Co 按市值排列的前三大核心持股分別為：AAPL (9.4%)、MSFT (8.9%)、GOOG (5.9%)。其中最大持股部位 AAPL 佔據整體投資組合約 9.4% 的權重。
精選 AlphaSMO 大戶持股與內部人交易深度分析，提升投資決策勝率
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
本季最大新建倉標的
BBVA
市值: US$39.5萬
本季最大獲利了結 / 清倉標的
TTEN
前期市值: US$872.0萬
在 Q4 2025 季度中，Fayez Sarofim & Co 共進行了 174 項持倉異動，包含新建倉 6 個部位、加碼 45 個部位、減碼 110 個部位以及清倉 13 個部位。 其中最大新建倉標的為 BBVA。 本季清倉部位包含 TTEN。
本頁面所有持股數據均直接同步自美國證券交易委員會（SEC）EDGAR 官方系統之 13F-HR / 13F-HR/A 季度申報文件。AlphaSMO 透過機器解析 CUSIP 與個股對照，提供 100% 精準對齊的歷史時序數據集，並支援 Schema.org 結構化資料格式。
解析公司高管、董事與 10% 大股東之 Form 4 內部人交易申報，掌握高管自家股票買賣第一手訊號。
深入剖析 5% 股益申報門檻、13D 與 13G 之差異，以及最新 SEC 申報時程規範，洞察機構法人的激進投資動向。